give brief explanation please

32. Which one of the following statements is true for the Verdoon's law ? (1) Long run productivity generally grows proportionally to the square root of output growth. (2) Short run productivity generally grows proportionally to the growth of output. (3) The value of Verdoon's coefficient is nearly equal to 1. (4) Verdoon's law is quite in consonance with Solow model's functioning. 33. Which among the following can contribute to improvement in industrial climate of the region ? (1) Development banks (2) Trade unions (3) Natural resources (4) All of the above 34. Researchers indicate that income velocity of money is falling overtime due to (1) income elasticity of demand for money is greater than unity. (2) income elasticity of demand for money is less than unity. (3) income elasticity of demand for money is equal to unity. (4) All of the above 35. According to Monetarists, demand for money function is (1) stable and interest inelastic (2) constant and interest elastic (3) stable and interest elastic (4) unstable and interest inelastic 36. Arrange the following liquid assets in decreasing order (a) Time deposits (b) Saving deposits (c) Currency (d) Demand deposits Select the answer from the codes given below : (1) d, a, b, c (2) c, d, b, a27. For the Union Budget of 2015-16, arrange the following in the ascending order of their percentage in GDP : (i) Revenue deficit (ii) Effective deficit (iii) Primary deficit (iv) Fiscal deficit Choose the correct answer from the codes given below : Codes : (1) (iii), (ii), (i). (iv) (2) (ii), (iii), (iv), (i) (3) (1), (iv), (iii), (ii) (4) (iv), (i), (ii), (iii) 28. While recommending horizontal distribution, which of the following criterion got the least weightage by the 14" Finance Commission ? (1) Demographic change (2) Area (3) Population (4) Income distance 29. If in a year, the gross fiscal deficit of Government is